AMMB Holdings' PBT up at RM2.45b in FY13

Publish date: Tue, 20 May 2014, 03:40 PM
KUALA LUMPUR: AMMB Holdings Bhd recorded a higher pre-tax profit of RM2.45 billion for the financial year ended March 31, 2014, against RM2.14 billion recorded in 2012.
Revenue surged to RM9.61 billion, during the period under review, versus RM8.71 billion previously, while earnings grew 10 per cent to RM1.78 billion, supported by good income growth and acquisitions.
For the fourth quarter, pre-tax profit rose to RM595.42 million from RM474.75 million registered in the corresponding quarter while revenue increased to RM2.4 billion from RM2.35 billion previously, the company said in a filing to Bursa Malaysia today.
In a separate statement, the group said its return on equity (ROE) stood at 14.1 per cent, bringing it to a seventh consecutive year of record performance and continued positive ROE growth trend.
Net lending grew 5.6 per cent, year-on-year, as the group focused on risk-adjusted returns and its strategy to grow in preferred customer segments and economic sectors.
Group managing director Ashok Ramamurthy said a final dividend of 16.9 sen per share has been proposed, bringing total dividend payout for this financial year to 41 per cent.
Going forward, he said for the financial year 2015, AmBank Group will be guided by four strategic priorities to achieve its vision - "as Malaysia's preferred diversified, internationally connected financial solutions group, we take pride in growing your future with us."
The four strategic priorities are to focus on organic growth; leverage strategic partnerships and deliver on acquisitions; continue to optimise efficiency and build sustainability.
"We are committed to driving sustainable growth while increasing returns to our shareholders and these four strategic priorities are set to bring our performance to the next level," Ramamurthy added.-- Bernama

Labels: AMBANK

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borgkilla

So far looking promising

2014-05-21 21:17

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